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Weekly Market View

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The JPY Crosses Play The Game

Fri, Aug 15 2008, 09:33 GMT
by Tatsuya Kawanishi

FXstreet.com

Although we've already had our dose of volatility in the last 2 weeks, Let's keep paying close attention to the markets during the week (August 17th to August 22nd) The week has several significant events. Alright! Let's review them all.

On Sunday (Aug 17th) we have the following events to watch:

• In the U.K. Rightmove House Price Index (Previous -1.8%) is released at 23:01 GMT.

On Monday (Aug 18th) we have the following events to watch:

• In Switzerland, Retail Sales is released at 07:15 GMT.
• In the Eurozone, Trade Balance is an event to follow.
• In the U.S. NAHB Housing Market Index is scheduled at 17:00 GMT.
• In New Zealand, PPI Input (Previous 2.3%) and PPI Output (Previous 1.8%) are events to monitor.

On Tuesday (Aug 19th) we have the following events to watch:

• In Australia, RBA meeting Minutes of the last meeting are released at 01:30GMT.
• In Japan, Interest Rate Decision (Current 0.50%) will be announced. Later on BoJ Press Conference is scheduled. Keep an eye open for how the BoJ considers the economic situation.
• In Germany, Producer Price Index and ZEW Economic Sentiment (Previous -63.9) are notable events to watch.
• In the Euro zone, ZEW Economic Sentiment (Previous 63.7) is released at 09:00GMT.
• In Canada, Whole Sales (Previous 1.6%) is an event to watch.
• In the U.S. PPI, PPI Core and Housing Stat are events to follow.

On Wednesday (Aug 20th) we have the following events to watch:

• In Australia, WMI Leading Index (Previous 0.0% ) is scheduled at 00:30 GMT.
• In Germany, Manufacturing PMI (Previous 50.9) is an important event to monitor.
• In the Euro zone. Manufacturing PMI (Previous 47.4) is released at 08:00 GMT.
• In the UK, the BoE Minutes of the last meeting are released at 8:30 GMT. We carefully watch what economic outlook the BoE has. The content of the meeting may generate a good deal of volatility for the GBP against the major currencies.
• In Canada, Retail Sales and Core Retail Sales are notable events to monitor. Be aware USD/CAD traders.
• In Japan, Trade Balance is released at23:50 GMT.

On Thursday (Aug 21st) we have the biggest day of the week with the following events:

• In Switzerland, Trade Balance is scheduled at 06:15 GMT.
• In the UK, Retail Sales is a notable event to watch.
• In Canada, CPI , and Core CPI (Previous 0.3%) are notable events to monitor.
• In the US, Philadelphia Fed Manufacturing Index (Previous -16.3) and Leading Index (Previous -0.1%) are to taken into account.
• In Japan, the BoJ Minutes of the last meeting are released at 23:50 GMT. We carefully watch what economic outlook the BoJ has.

On Friday (Aug 22nd) we have the following events to watch:

• In the Euro zone, Current Account and Industrial New Orders (Previous -3.5%) are events to monitor.
• In the U.K. GDP is released at 08:30 GMT.

Published on  Fri, Aug 15 2008, 09:35 GMT